JPMorgan analyst Samik Chatterjee placed Lumentum (LITE) on “Negative Catalyst Watch” saying the stock’s valuation sets up a tough bar into earnings. The firm sees a positive set up for the earnings estimates for Lumentum but says visibility will remain limited pending more margin upsides from a stronger ramp in EML volumes.
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Read More on LITE:
- Lumentum price target raised to $70 from $55 at Raymond James
- Lumentum management to meet with B. Riley
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